RB Global (TSE:RBA) Share Price Crosses Above 200 Day Moving Average of $92.88

Shares of RB Global, Inc. (TSE:RBA) (NYSE:RBA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$92.88 and traded as high as C$100.06. RB Global shares last traded at C$99.73, with a volume of 144,158 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upped their price target on RB Global from C$74.00 to C$76.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th.

RB Global Price Performance

The stock has a market capitalization of C$18.28 billion, a PE ratio of 70.23, a price-to-earnings-growth ratio of 2.43 and a beta of 0.87. The business’s 50-day moving average price is C$101.38 and its 200 day moving average price is C$92.88. The company has a debt-to-equity ratio of 86.55, a quick ratio of 1.00 and a current ratio of 1.35.

RB Global (TSE:RBA) (NYSE:RBA) last issued its quarterly earnings data on Friday, February 23rd. The company reported C$0.56 EPS for the quarter, hitting the consensus estimate of C$0.56. RB Global had a return on equity of 6.06% and a net margin of 5.61%. The company had revenue of C$1.42 billion during the quarter, compared to analyst estimates of C$1.41 billion. Research analysts forecast that RB Global, Inc. will post 4.505244 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Baron Concors sold 15,658 shares of RB Global stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$76.80, for a total value of C$1,202,534.40. Following the transaction, the insider now owns -205 shares in the company, valued at approximately C($15,744). 0.30% of the stock is owned by corporate insiders.

About RB Global

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.